Water can damage your home in many ways, from flooded sinks to drains, broken dishwashers, and worn out window and door seals. One of the most common causes of water damage for homeowners is a burst pipe. There are a number of reasons why a water main bursts, and the results are often devastating.
For this reason, mold insurance is usually included in homeowners' policies. Most home insurance policies cover mold damage, but not if the mold is preventable. Only "covered hazards" or sudden/unexpected events that cause mold are eligible for mold remediation.
Read MoreIf home insurance wasn't already your bane, climate change will only make it worse. You may already be feeling the effects. Last year, his 90% of homeowners experienced a premium increase. And this increase is insignificant. According to the report, premiums increased by an average of $134.
Read MoreHomeowners insurance is a type of insurance policy that provides financial protection for homeowners in the event of damage to their property or personal belongings. It is a crucial aspect of owning a home and is often required by mortgage lenders. In this guide, we will explore the different types of coverage that homeowners insurance provides and what to look for when selecting a policy.
Read MoreAn HO-2 home insurance policy, also known as a "Broad Form" policy, is a type of homeowners insurance that provides coverage for a wide range of risks. This policy is considered to be a step up from the basic HO-1 policy, as it offers more comprehensive coverage.
Read MoreHO-1 Home Insurance Policy, also known as a basic homeowners insurance policy, is a type of insurance that provides coverage for damage to your home and personal property. It is one of the most basic forms of homeowners insurance and is often considered the starting point for most homeowners.
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